Tuesday, May 29, 2012
China moves to tame microbloggers amid censorship claims
Tuesday, December 28, 2010
Walmart invests in China’s 360buy.com
Walmart, the world’s largest retailer by sales, has invested in China’s largest e-commerce consumer electronics seller, 360buy.com, in a move that underlines the growing interest of global retailers in China’s rapidly growing online market.
The retailer was one of six investors in a round of funding that raised $500m for 360buy, whose rivals include Taobao, the dominant online marketplace owned by Alibaba.
EDITOR’S CHOICE
Supreme Court to hear Walmart case - Dec-07
Walmart sues CVS over top executive - Dec-03
Walmart slims down stores for China - Dec-01
Walmart to appeal ruling in sex bias lawsuit - Apr-27
Walmart vows to fight on - Apr-27
Walmart to seek lawsuit review - Apr-27
Walmart has about 300 stores in China. Its Sam’s Club discount warehouse business launched its own e-commerce business there in November, using a new global platform that it has built over the past two years.
The retailer has taken similar minority stakes with fledgling e-commerce businesses in the US that it has also worked with, including 1-800-Contacts, a contact lens retailer, and Green Dot, the web-based payments and financial company.
Sunday, September 19, 2010
SouFun Holdings' IPO goes through the roof
Shares of SouFun Holdings, an online real estate services provider, soared nearly 73 percent in the debut on the New York Stock Exchange Friday, as confidence in China's property market remains strong.
Shares of the company, which controls almost half of China's online real estate advertising market, closed at $73.50, 72.9 percent above its offering price, the second-largest first-day gain for an IPO this year after raising $125 million.
"The massive gains show overseas investors are still optimistic towards opportunities in the Chinese real estate market," Chen Jie, professor with the Center for Housing Policy Studies at Fudan University, said Saturday.
Chen sited the country's rapid urbanization as a sign that demand for property-related services will only rise in the near future. Approximately 150 million rural residents moved to big cities last year, and that figure continues to rise.
As of June 30, SouFun Holdings covered 106 Chinese cities, according to its prospectus.
The company had operating revenue of nearly $70 million in the first half of the year, an 84.5 percent increase over the same period of 2009. Its net profit was $5.3 million, up almost 42 percent year-on-year.
But even as SouFun Holdings posts high growth, it still faces stiff competition and an uncertain regulatory future.
It competes against top-ranked China Real Estate Information Corp, which raised $216 million in a Nasdaq IPO last October.
Experts said China's policies to rein in rising housing prices would also affect SouFun, although not as much as other firms in the property sector.
Soufun provides real estate information rather than buy and sell property, so it faces lower risks than developers, but government policies will still impact its business, said Chen from Fudan University.
Five months ago, the government sought to tackle rising real estate prices with a slew of policy measures, but so far their impact has been small.
Jiang Dingzhi, deputy director of the China Banking Regulatory Commission, said in Shanghai Friday that the commission will not issue new housing regulations, but it will still continue to monitor current policies to see if they are having an effect.
Friday, August 7, 2009
Microsoft bing published illegal medical advertisements in China
China's Anti-Malicious Software Alliance announsed that many net users complaint illegal medical advertisements in Microsoft Bing. After the investigation, the China's Anti-Malicious Software Alliance says there are lots of advertisements violate the Standards for the Examination and Publication of Drug Advertisements, Regulations for the Implementation of Drug Administration Law of the People's Republic of China and the Provisional Regulations Concerning Drug Information Service on Internet.
Microsoft China said that they have taken note of relevant information and it takes time to understand the situation.
China's Anti-Malicious Software Alliance is a non-governmental organization.
Originally Posted: China Business Daily
Author: Angulo Fu
Thursday, May 14, 2009
Tencent earned $366.4 million in Q1, net up 94%
Chinese Internet portal operator Tencent Holdings Ltd. said Wednesday its first-quarter net profit rose a better-than-expected 94% from a year earlier on higher revenue from Internet services. This figure breaks down into $278 million strictly from sales of Internet virtual goods and related services and $64.3 million from mobile sales of virtual goods and services. The remainder of Tencent's revenue, about $21 million, is accounted for by advertising.
But Tencent warned its performance this year will be hurt by the global slowdown. The company said it expects the economic environment to remain challenging in the midst of the global recession. "Our online advertising business would continue to be affected by the economic slowdown as advertisers remain cautious on their spending for 2009," Chairman and Chief Executive Ma Huateng said in a statement.
It should be noted that the huge increases reported in the Internet and mobile virtual goods categories may be affected by seasonal changes in consumer behavior patterns. Chinese New Year and student winter break periods bring major increases in spending on Tencent's QQ value-added services. For strictly game-related value-added services, Cross Fire, QQ Dancer, and Dungeon and Fighter all posted positive revenues and gains in numbers of users. Exact amounts were not disclosed.
Looking ahead to Q2, Tencent expects to see virtual goods sales decline as a result of seasonality while the advertising segment is expected to improve somewhat. Generally, though, Tencent expects users to continue spending a lot of time online.
So long as users are on the Internet in their day-to-day lives, then Tencent believes it has ample opportunity to engage users and encourage them to spend on virtual goods and other services.
Originally Posted: China Business Daily
Author: Angulo Fu
Tuesday, December 9, 2008
High Abandon Rate of Online Shopping Cart
According to a market analysis released by the iPerceptions recently, there is a high abandon rate of online shopping cart. The report found that in the online traffic, there are 16% of people have the shopping will, but only half of those buy something, others give up.
In the 50000 respondents, 47% of these online users' main objectives are visit, survey and contrast products. In addition to shopping, the other motives include 11% of the people want to get the product price and promotion information, 10% need customer support services, 4% in order to find the address of the store, the other 10% of visitors are viewing blog and video.
An online shopping cart (also as online trolley, online shopping trolley, online shopping basket) is a critical aspect of en e-commerce business. The shopping cart is the software (or series of scripts) that allows users to select products from your Web site, save them and check out when they are done shopping. In the early stages of electronic shopping, the shopping cart was usually a basic HTML form from which a customer selected the products he wanted to purchase. Long before using a credit card over the Internet was widely accepted, it was common to find that you would need to print the form and mail it along with a money order or credit card information to the company. Over time, as e-commerce grew and online stores began to offer hundreds, if not hundreds of thousands of products, obviously a better method for storing a customer's purchases and placing an order was needed.
The shopping cart acts as the user-interface for the customer to shop. It allows users to place items in a "shopping basket". The cart remembers these items for a predetermined length of time, usually 15 to 30 days unless the shopper removes the items from the cart. Today's shopping carts are really designed for the ease-of-use of the shopper. Extra features such as different color or size options, quantity of order, and matching item links can be integrated into the shopping cart. Once a shopper enters her shipping address, taxes and shipping costs can also be tallied from within the shopping cart. For the merchant, the shopping cart also provides important information, which is often transparent to the shopper, including a cart number to track the order, and even a cookie to provide you with some limited tracking details about your customer.
Within the genre of shopping cart software, merchants have many options to choose from. Some shopping cart software is designed to run on your own Web server, while others may run on the application provider's (hosted) servers. It is important to remember that a shopping cart is just one part of the e-commerce Web site, and as a stand-alone tool it usually will not provide payment processing. Once the customer completes her "check-out", the shopping cart delivers the order to the payment gateway, the service that automates the payment transaction between the shopper and merchant. Shopping carts are not storefronts (although they are integrated into storefronts, which we will discuss later).
Originally Posted: China Business Daily
Author: Angulo Fu
Tuesday, December 2, 2008
Sina.com.cn Set Up
On December 1, 1998, Sina.com.cn set up. Sina Corporation (NASDAQ: Sina) is a leading online media company and value-added information service provider in China and the global Chinese communities. With a branded network of localized web sites targeting Greater China and overseas Chinese, the Company provides services through five major business lines including Sina.com (online news and content), Sina Mobile (MVAS), Sina Community (Web 2.0-based services and games), Sina.net (search and enterprise services) and Sina E-Commerce (online shopping). Together these business lines provide an array of services including region-focused online portals, MVAS, search and directory, interest-based and community-building channels, free and premium email, blog services, audio and video streaming, game community services, classified listings, fee-based services, e-commerce and enterprise e-solutions. The Company generates the majority of its revenues from online advertising and MVAS offerings, and, to a lesser extent, from search and other fee-based services.
With more than 280 million registered users worldwide and over 900 million daily page views, Sina is the most recognized Internet brand name in China and among Chinese communities globally.
In various surveys and polls, Sina has been recognized as the most valuable brand and the most popular website in China. Sina was awarded "The Most Respected Enterprise" for five consecutive years from 2003 and 2007 by the Economic Observer and the Management Case Study Center of Peking University. In the "Internet Guide 2007 China Internet Survey" conducted by Internet Society of China, Sina was ranked number 1 in user reach in the fields of portal, blog, automobile, sports, news and finance. In 2007, Sina was awarded "Top Ten Innovative Media" and "Internet Company of the Year" by Peking University and MII, respectively.
Originally Posted: China Business Daily
Author: Angulo Fu
3COM Bought Huawei Stake in H3C
November 29, 2006, Huawei's official website showed that Huawei has accepted the bid offer from 3COM, the two sides have completed the the bid process of Huawei H3C Technologies Co., Limited.
According to the H3C shareholders agreement, 3COM launched the bid process from November 15, 2006. After the bidding, Huawei reply 3COM on November 28, formally accepted the bid offer of 3COM. After carrying out the relevant legal procedures, 3COM will own H3C wholly.
According to foreign media reports, 3COM spent 882 million U.S. dollars on buying the Huawei's 49% stake in H3C. After that, 3COM acquired full ownership of H3C. March of 2006, sources said Huawei and 3COM would sell their joint venture Huawei-3Com (H3C) to Juniper. An initial price was 1.7 billion U.S. dollars, but ultimately the rumors did not take place.
Originally Posted: China Business Daily
Author: Angulo Fu
Chinese People First Time to Registered Top-level Domain Name CN
November 28, 1990, Qian Tianbai registered top-level domain CN in the SRT (the predecessor of Internet's) on behalf of China. And then he established a CN DNS (Domain Name Server) abroad.
Qian Tianbai kept the place on the Internet for China, so that the Chinese domain name was not registered by foreigners.
September 20, 1987, Qian Tianbai sent the China's first e-mail through the Internet to the University of Karlsruhe in West Germany. The content of the e-mail was walking through the Great Wall and towards the world.
Originally Posted: China Business Daily
Author: Angulo Fu
InfoHighWay Collective Resignation
November 26, 1998, InfoHighWay, one of the pioneers of the China Internet Network released a big news. 15 senior executives resignd.
On the resignation list, there were vice president Hai Yang, Lu Gao, Song Yizhi and head of the center Wang Nianqing, Wang Yumei, Jiang Xuehai, Shen Chao, Zhou Yu, Meng Limin and the general managers of Shenzhen, Fuzhou, Xi'an, Harbin, Shenyang, Shanghai, Guangzhou and other branches.
In the second half of 1997, the environment of the domestic information service industry was very hard. InfoHighWay faced peer pressure of competition. At the same time, there was a serious shortage of capital to shareholders. The company's original plan which scheduled for rapid development was shelved.
To ease the financial pressure, InfoHighWay announced the beginning of the transition period since October 1997, hoped to increase revenue and reduce expenditure. On the other hand, Zhang Shuxin, the former president was forced to have been removed from office by the end of June. But the company's direction is still not clear. During the long wait, InfoHighWay's situation has been very, very dangerous.
15 people of the management team hoped to continue to adhere to the ISP, but the major shareholders refused for some reasons. The collective resignation have been regarded as a result of the knowledge capital against to the financial capital.
Originally Posted: China Business Daily
Author: Angulo Fu
Wednesday, November 19, 2008
Sohu.com Announced Victor Koo's Resignation
On November 19, 2004, Sohu.com Inc., China's leading online media, communications, commerce and mobile value-added services company, announced that Victor Koo, President and Chief Operating Officer, would resign from the Company effective March 31, 2005, to pursue entrepreneurial business opportunities.
Mr. Koo had been with Sohu since March 1999 in several functions including Senior Vice-President, Corporate Business Development, Chief Financial Officer, Chief Operating Officer and President.
“Victor has played an important role in our success in the past six years and we understand his decision to move on and seek a new challenge. He contributed greatly to the growth of the advertising business, start-up of new business lines and the closing of numerous corporate transactions. We wish him the very best in his future endeavors," said Charles Zhang, Sohu's chairman and chief executive officer.
"Victor helped establish a strong team of experienced executives who are ready to take the helm independently. We have already begun to work on a smooth transition by splitting Victor’s operational responsibilities among these executives. Meanwhile, Victor will stay on as an adviser to the company for six months until September 30, 2005,” Charles Zhang added.
"Sohu has been a fantastic platform for my professional development and I am grateful for having been part of the Sohu story from an early Internet start-up to a publicly listed and profitable company. Sohu is a strong company with a proven online advertising business and great long-term prospects in the search and consumer business. I am confident that I will leave the business in good hands that will ensure stability and continuity with our consumers, clients, partners and employees," said Victor Koo, President and COO of Sohu.
After leaving from Sohu.com, Victor Koo created Youku.com, with its beta was launched in June 2006 and formally launched in December 2006. In 2007, the company received $25 million funding from venture capitalists. Youku.com ranked 1 in Chinese video sharing sector by China Internet Society, iResearch and Baidu User Index. In 2008, Youku has teamed up with Myspace in China.
Originally Posted: China Business Daily
Author: Angulo Fu
Friday, November 14, 2008
Legend Group was Set up
The Legend Group was founded on November 14, 1984 by a group of eleven engineers, headed by Liu Chuanzhi, in Zhongguancun, Beijing. Originally known as Legend Group Ltd and New Technology Developer Incorporated.
The name of the company was changed from Legend to Lenovo because it conflicted with other trademarks registered in the West. "Lenovo" is a portmanteau of "Le-" (from Legend) and "novo", pseudo-Latin for "new". The Chinese name means "association" or "connected thinking" but can also imply creativity.
After 14 years' development, Lenovo is China's largest and the world's fourth largest personal computer manufacturer, after Hewlett-Packard and Dell of the U.S. and Acer of Taiwan. The company produces desktops, laptops, servers, handheld computers, imaging equipment, and mobile phone handsets. Lenovo also provides information technology integration and support services, and its QDI unit offers contract manufacturing.
Originally Posted: China Business Daily
Author: Angulo Fu
Friday, November 7, 2008
Tencent Set Up
Founded in November 7, 1998, Tencent, Inc. has grown into China's largest and most used Internet service portal. In its ten-years history, Tencent has been able to maintain steady and fast-paced growth by always putting its users first. On June 16th, 2004, Tencent Holdings Limited (SEHK 700) went public on the main board of the Hong Kong Stock Exchange.
The famous product of Tencent is QQ, the most popular free instant messaging computer program in Mainland China, and the world's third most popular IM service. The program is maintained by Tencent Holdings Limited (HKEX: 0700), owned in part by Naspers. Since its entrance into Chinese households QQ quickly emerged as a modern cultural phenomenon, now being portrayed in popular culture. Aside from the chat program, QQ has also developed many subfeatures including games, pets, ringtone downloads, etc.
Originally Posted: China Business Daily
Author: Angulo Fu
Wednesday, November 5, 2008
China Video Sharing Industry will Reshuffle
Liu Yan, the CEO of video web site "6 Room" (6.cn) said 6 Room plans to lay off employees from 200 to 60, but don't like the rumors of only 10.
At the same time, Liu Yan said 6 Rooms will not layoff before the end of this year. On the contrary, the company will hire about 10 employees.
Turning to the employees be laid off, Liu Yan said that he gave the highest compensation to all the retrenched employees, and will continue to retain their mailbox. After the Company to be profitable, he hope they could come back.
It is reported that the video-sharing Web site UUSee, PPLIVE have confirmed that layoffs, and there are the layoff rumors of Tudou, Ku6 and Youku.
At present, I think there 4 type of web sites are most likely to close down. They are video sharing, SNS social networking, search for life and online game. Because mainly rely on the support of venture capital, the video sharing sites are most affected by the financial crisis.
Some video sharing sites which does not have sufficient capital reserves will lay off and scale down. Some major sites must take advantage of this opportunity to promote the industry reshuffle.
Originally Posted: China Business Daily
Author: Angulo Fu
Google Adds New Technology to Search PDF Files
Google rarely include scanning document in their search results page, because it can not determine the nature of the content. However, this situation will change. Google said it will use optical character recognition (OCR) software to enable Web surfers to search any PDF files which are developed by Adobe.
Evin Levey, Google product manager said that Google will use this technology to scan document into a text file. This will search for documents, index and return the answers to Google search queries.
Google's such a OCR application is expected to help Google Book Search. This is an ambitious and controversial plan releaseed by Google at the Frankfurt Book Fair 2004. Since then, Google scans 3000 books/day from the world's major libraries.
Although the plan was raised copyright concerns firstly. However, Google has reached a settlement with the Authors Guild and the Association of American Publishers on this issue. According to the agreement, in the United States, Google will be able to expand online access to millions of copyrighted books and other written content. The agreement to resolve a number of legal issues which challenge Google on the search and display the content of the copyrighted books. Google does not need copyright owners' approval and share digital versions of books with the libraries.
At present, due to the content of the network continues to multiply grow, the current search engine technology based on the nature of the text is clearly inadequate. This is because the current generation of search engines can only find multimedia files with notes text. Notes text is a laborious and time-consuming process. Content producers often overlook this issue.
David Wadhwani, vice president of Adobe explained that they are initially cooperate with the Google and Yahoo to significantly improve the multimedia content search. They intend to expand the such applications so that all the publishers, developers and users benefit.
Originally Posted: China Business Daily
Author: Angulo Fu
Legend Produced China's First 586 PC
November 5, Legend entered the Pentium era, producing China's first 586 PC.
586 refers to the Intel processor. It is a type of Intel 80x86 processors. Intel 80x86 series processors includ 8086, 80286, 80386, 80486 and 80586. 8086 and 80286 belong to the 16-bit operating system, from 80386 to P4 are 32-bit operating system.
Originally Posted: China Business Daily
Author: Angulo Fu
Lengend Mergerd with ICT
November 4, 1998, the Institute Of Computing Technology Chinese Academy Of Sciences and Lengend Group hold a reporters forum, announced the ICT would be the "Lengend Corporate Research & Development" after restructuring.
Lengend Corporate Research & Development was finally established in January 1999, became the central R & D institutions of Lengend Group.
Since its inception, the Lengend Corporate Research & Development has always been committed to promote technological progress and long-term development of the company, to provide long-lasting core competitiveness and create new profit growth point for China's information industry, to provide the driving force for innovation.
After the rename of Lengend Group, the Lengend Corporate Research & Development has also changed its name to the Lenovo Corporate Research & Development.
Originally Posted: China Business Daily
Author: Angulo Fu
Wednesday, October 29, 2008
Alibaba Stop Running Ads on Baidu
It is confirmed by Alibaba that Alibaba B2B had sent a formal notification to Baidu about the termination of the advertising contract on October 10. All ads will terminate soon.
Alibaba said that the termination of Baidu's advertising contract is based on the effect. Alibaba said that according to the analysis of customer data, the quality of Baidu's traffic has decreased year by year, there is a considerable proportion of unknown sources of invalid traffic.
As early as the end of 2007, Alibaba's brother company Taobao had been stopped running ads on Baidu. Taobao yesterday announced that over the past year after shield Baidu spider, the traffic continues to rise, up 180 percent. Taobao has been one of top three domestic sites. The growth of transaction volume is up 240 percent, as of September this year, monthly transaction volume has exceeded RMB 10 billion.
Originally Posted: China Business Daily
Author: Angulo Fu
Google Released G.cn for Chinese Users
On October 29, 2007, search engine giant Google registered g.cn in China. It is the shortest domain name in the history.
Google said that this short domain name would help the web users in the country as they would be able to type it in fast.
Market analysts believed that this is one of the most interesting steps taken by the company as they aim to challenge Baidu in China market.
Google had continued to use Google.cn in China market. Currently, g.cn domain is forwarding to Google.cn domain name.
Originally Posted: China Business Daily
Author: Angulo Fu
Sunday, October 26, 2008
eBay to Sell Skype
It is reported that there has been no profit since the acquisition, eBay plans to sell Skype. Google and Microsoft are likely to take over for snatching the IM market.
In 2005, eBay spent 2.6 billion U.S. dollars to buy Skype, trying to increase revenue of auction. However, in the period of nearly three-years, Skype did not only make profits but increase the operating costs, so the market rumors that eBay plans to sell Skype.
According to reports, originally planned to enter the IM market, Google intended to bid to buy Skype, and Microsoft has subsequently expressed the will want to take over Skype.
Skype is a software that allows users to make telephone calls over the Internet. Calls to other users of the service and to free-of-charge numbers are free, while calls to other landlines and mobile phones can be made for a fee. Additional features include instant messaging, file transfer and video conferencing.
It was created by entrepreneurs Niklas Zennström, Janus Friis, and a team of software developers based in Tallinn, Estonia. The Skype Group has its headquarters in Luxembourg, with offices in London, Tallinn, Tartu, Stockholm, Prague and San Jose.
Skype has experienced rapid growth in popular usage since the launch of its services. It was acquired by eBay in September 2005 for $2.6 billion.
Skype currently has 370 million users. The annual growth rate is 46%. In the 3rd-quarter of this year, there are 3200 increased users, an increase of 41%.
Originally Posted: China Business Daily
Author: Angulo Fu




